**Id:**`net_debt_to_shrhldr_eqty`

**Type:**`fundamentals`

**Subtype:**`ratios`

**Units:**`currency`

**Decimal Points:**`2`

**Currency Convertible:**`No`

Net debt to shareholders equity is a way to measure how much a company relies on debt to finance its operations. It is calculated by dividing its net debt by its shareholders equity. Net debt is the difference between a company’s total debt and its cash and cash equivalents. Shareholders equity is the value of a company’s assets minus its liabilities. The ratio shows how much debt a company has for every dollar of equity. The ratio can vary by industry and is best used to compare similar companies or track changes over time. The formula for net debt to shareholders equity is:
Where:
- Net debt (R0015, net_debt) is the sum of short-term and long-term debt minus cash and cash equivalents.
- Shareholders equity (BS072, bs_total_equity) is the value of a company’s assets minus its liabilities.

`Net debt to shareholders equity = (Net debt / Shareholders equity) * 100`